The USA's annual growth rate of gross domestic product (GDP) ranks 121st in the world. It has just been beaten by The Congo.The USA is one of only four countries with debt above 100% of GDP and still rising rapidly. The others are Mozambique, Bhutan, and Lebanon.

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The US is a shithole country. Why are so many companies zombies? Well, one reason is that company CEO's borrowed money at near zero interest rates to buy back the shares artificially raising the share price. CEO then were able to award themselves big bonuses because of the share price rises. This is cannibalistic capitalism and it destroys countries.

Zombie companies earn less in profits than they pay in interest on loans. A small increase in interest rates will turn 12% of companies into zombies.

Micheal Hudson has a new book out in Easter called, … And Forgive them their Debts: Credit and Redemption. He is a distinguished professor of economics and is also a historian of economic systems and the world's economies. He says that the word sin in the bible also meant debt in biblical times so Jesus was really referring to debt, not sin. KV

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As we turn towards our faiths this Christmas and Hanukkah in an attempt to make sense of the year that was, economist Professor Michael Hudson says we have been interpreting the bible incorrectly. And he has written an entire book about it. Rather than sex and sin, both Christianity and Judaism is preoccupied with debt. As it turns out, Jesus was a socialist activist who paid the ultimate price fighting for the reinstatement of regular debt jubilees. In fact, the rulers of classical antiquity who cancelled their subjects’ debts were overthrown with disturbing frequency and tended not to live that long…

As many people turn towards their Christian and Jewish faiths this Christmas and Hanukkah in an attempt to make sense of the year that was, at least one economist says we have been reading the bible in an anachronistic way.In fact he has written an entire book on the topic. In ‘…And Forgive them their Debts: Credit and Redemption’ (available this spring on Amazon), Professor Michael Hudson makes the argument that far from being about sex, the bible is actually about economics, and debt in particular.“The Christianity we know today is not the Christianity of Jesus,” says Professor Hudson.

Indeed the Judaism that we know today is not the Judaism of Jesus either.

The economist told Renegade Inc the Lord’s Prayer, ‘forgive us our sins even as we forgive all who are indebted to us’, refers specifically to debt.

“Most religious leaders say that Christianity is all about sin, not debt,” he says. “But actually, the word for sin and debt is the same in almost every language.”

“‘Schuld’, in German, means ‘debt’ as well as ‘offense’ or, ‘sin’. It’s ‘devoir’ in French. It had the same duality in meaning in the Babylonian language of Akkadian.”

The Pharisees, Hillel (the founder of Rabbinical Judaism) and the creditors who backed them decided that Jesus’ growing popularity was a threat to their authority and wealth.

“They said ‘we’ve got to get rid of this guy and rewrite Judaism and make it about sex instead of a class war’, which is really what the whole Old Testament is about,” Professor Hudson said.

“That was where Christianity got perverted. Christianity turned so anti-Jesus, it was the equivalent of the American Tea Party, applauding wealth and even greed, Ayn-Rand style.”The economist says that Christianity was reshaped by Saint Paul, followed by the “African” school of Cyril of Alexandria and St Augustine.

“Over the last 1000 years the Catholic Church has been saying it’s noble to be poor. But Jesus never said it was good to be poor. What he said was that rich people are greedy and corrupt. That’s what Socrates was saying, as well as Aristotle and the Stoic Roman philosophers, the biblical prophets in Isaiah.”

Neither did Jesus say that it was good to be poor because it made you noble.

What Jesus did say is that say if you have money, you should share it with other people.

“But that’s not what Evangelical Christianity is all about today,” says Professor Hudson. “American Fundamentalist Christians say don’t share a penny. King Jesus is going to make you rich. Don’t tax millionaires. Jesus may help me win the lottery. Tax poor people whom the Lord has left behind – no doubt for their sins. There’s nothing about the Jubilee Year here.”